Economics Quiz 36
1 / 50
To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
2 / 50
When ________ substitutes exist, a monopolist has ________ power to raise price?
3 / 50
Money that a government has required has required to be accepted in settlement of debts is ?
4 / 50
Involuntary unemployment exists if workers ?
5 / 50
An increase in the price of a complement for product A would ?
6 / 50
In a floating exchange rate system ?
7 / 50
If an increase in a consumer?s income causes the consumers to decrease her quantity demanded of a good, then the good is ?
8 / 50
All of the following are thought to be sources of new product ideas EXCEPT ?
9 / 50
The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
10 / 50
Which of the following is not true about the specialized farm ?
11 / 50
The main cause of different relative costs between countries are ?
12 / 50
Labeling theory has been criticized because_________________?
13 / 50
As of 2005 what proportion of women were in managerial professional and administrative positions ?
14 / 50
________ are quotas that result in a total prohibition of trade?
15 / 50
Economic policies do not work as well as they should because of obstacles posed by______________?
16 / 50
The developed nations have only about 15% of the world?s population, but they are estimated to consume _______ of the world?s output ?
17 / 50
Public ownership of natural monopolies ?
18 / 50
The liquidity trap occurs when the demand for money ?
19 / 50
Economic growth is depicted by ?
20 / 50
Which of the following is NOT within the secondary economic sector ?
21 / 50
Barriers to entry ?
22 / 50
In the classical model, potential output cannot be increased by ?
23 / 50
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
24 / 50
Suppose each of 20 neighbours on street values street repairs at ?3000 the cost of the street repair is ?40,000 which of the following statements is true ?
25 / 50
Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
26 / 50
Economic growth from current year (c) to previous year (p) is given by ?
27 / 50
The reduction of tax ?
28 / 50
The leading producer of sulphur in the world is ?
29 / 50
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
30 / 50
If the quantity of money demanded exceeds the quantity of money supplied then the interest rate will ?
31 / 50
Studies other than Mead,s show that_________________?
32 / 50
The use of price points for reference to different levels of quality for a company?s related products is typical of which product mix pricing strategy ?
33 / 50
When you add a tomato product to a Hollandaise Sauce it is called ?
34 / 50
A profit maximising firm will employ labour up to the point where ?
35 / 50
A firm may be unable to maximize profits because it ?
36 / 50
Which exchange rate system is characterized by the absence of government intervention ?
37 / 50
Markets sometimes fail to exist because of________?
38 / 50
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
39 / 50
The expectations people have regarding how husbands and wives ought to behave are called marital______________?
40 / 50
When real income increases other things equal we can expect the demand for real money holdings to ?
41 / 50
If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
42 / 50
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
43 / 50
When stock market is falling it is_______________?
44 / 50
Critics of our school system sate that _________________?
45 / 50
Negative life chances correspond to__________________?
46 / 50
The Superego of Freud,s theory is similar to Mead,s ?
47 / 50
What is called interest that is paid previously earned interest as well as on the principal ?
48 / 50
The crop most susceptible to frost is_______________?
49 / 50
Which of the following activities is one of the responsibilities of the Bank of England to the banking system ?
50 / 50
What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
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